UK Regulator Fears Arena Deal Could Stifle Competition

Law360, Los Angeles (March 22, 2013, 8:21 PM EDT) -- The United Kingdom’s Office of Fair Trading has referred a deal AEG Facilities Limited struck in January to run London's Wembley Arena to the Competition Commission, citing concerns the agreement could decimate competition in the country’s live entertainment venue sector, the regulator said Friday.

The OFT said the contract, under which the Anschutz Entertainment Group Inc.’s U.K. subsidiary will manage Wembley Arena, might reduce competition between large indoor entertainment venues in London because the O2 and Wembley are the only venues in the city that can...